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Question - The following account balances come from the records of Ourso Company:
Beginning Balance
Ending Balance
Accounts receivable
$2,800
$3,600
Allowance for doubtful accounts
280
350
During the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable.
Required -
a. Determine the amount of cash collected from receivables?
b. Determine the amount of uncollectible accounts expense recognized during the period.
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